Lets say they try to make bitcoin illegal

[adamstgBit]

Bill 0110010
KILL BITCOIN ACK of 2014
"No bank is allowed to hold funds for bitcoin exchanges."

what will you do?
what will price do?
will you sell your 100BTC bitcoin stach locally for peanuts?
will their be a new way to still be able to trade large amounts online?

[Mike Christ]

I'd rage against the machine.

[lucif]

It is illegal by design.

All legal "adoptions" are just dreams which will be burned.

[Brushan]

Hopefully by then the public is fully aware of what Bitcoin really is and they can see the power and injustice of the banking cartel when they try to prohibit Bitcoin. It might end up with the banks shooting themselves in the foot.

Me myself i'm holding. And the more they threaten me, the more i will hold just for the sake of it.

[SaintFlow]

imagine:
put a superman comic next to the bible next to a book of law.

now tell me:
Which book contains the least amount of metaphysical plunders?

[Missionary]

I doubt that all the countries in the world would issue such a law all at once. The exchanges would be forced to move their bank affiliations to countries with sound laws.

We would likely end up in the same place eventually, albeit with swiss exchanges.

[Brushan]

It is illegal by design.

All legal "adoptions" are just dreams which will be burned.

Could you tell me more? Why is it illegal by design and which country has the right to prohibit its use?

[Frozenlock]

It is illegal by design.

Yeah... if you could explain a little more that'd be great.

[Eylrid]

You can still get in and out of bitcoin without exchanges. Want bitcoin? Sell something. Have bitcoin you want to get rid of? Buy something.

[antimattercrusader]

Signal aliens for help.  

No but really, it's unlikely they would ban it worldwide, and if an actual nation could be convinced to use it in some form as it's national currency, it'd be alot hard to ban. It's unlikely that the Chinese yuan will be banned etc.

In any case, I would not sell my BTC.. At least I could print them into a paper wallet and hang it on the wall. lol.

[ElectricMucus]

Won't happen.

As shady as it is, somewhere, somehow there is always the possibility to transfer money into and out of even more shady enterprises than bitcoin exchanges.
The whole black market (no not the puny stuff on tor) depends on it and in a way the system of multinational cooperation, and the war machine depends on the black market.

It's just a cat and mouse game which goes on and on and on.... or to better say two anacondas trying to devour each other.
The eternal battle between chaos and order.

[cbeast]

Exchanges are our only means of assessing value to our coins. How would you do that without comparing to other currencies via exchanges?

[mgio]

If it happened now, to be honest, I'd sell all my bitcoin off as soon as possible in any way I could before the price plummeted.

I'd keep like 10 or so as souvenirs.

Making bitcoin illegal, at least in the US would kill it.

I don't believe this will happen though. At least not in the near future.

If bitcoin gains wide acceptance before it becomes illegal, I'd probably hold on to them.

[Teka]

One of my favorite quotes "People should not be afraid of their government; governments should be afraid of their people".

[Brushan]

One of my favorite quotes "People should not be afraid of their government; governments should be afraid of their people".

+1

[glendall]

This would do wonders for price stability, so hey, it would not be bad thing.

I'm having fun and making slight profits playing the exchanges, but would not mind a bit if the only way to buy in/out BTC -=> USD was through sites like localbitcoin.

[Odalv]

It is illegal by design.

All legal "adoptions" are just dreams which will be burned.

Russians has still deep engrams from Stalin dictature. (or learned how to use FUD)

[Bitcopia]

The United States might enact policies to give bitcoin some difficulties, but fortunately, it is not the international police, at least for developed countries. I don't think the entire world will attack bitcoin.

[randrace]

I would go on using bitcoin to buy and sell things. I bet the price would stabilize, which many see as a plus.

[lucif]

It is illegal by design.

All legal "adoptions" are just dreams which will be burned.

Could you tell me more? Why is it illegal by design and which country has the right to prohibit its use?

Bitcoin is anonymous and resistant to any kind of regulation by design.

It is illegal by nature.